United States Stock Market Briefing 07/03/2023

The American stock market dropped drastically on Tuesday with every one of the three main indices dropping by more than 1.20 percent.

The Dow Jones Industrial Average index fell by 1.72 percent to lose 574.98 points and close at 32,856.46, when it had an opening value of 33,431.44 from last week’s closing. The index recorded a day high value of 33,453.25 and a day low value of 32,838.21.

The S&P 500 index as well lost by a percentage of 1.53 percent, to close below the 4,000 level at 3,986.37. The index opened at 4,048.26, recording a slight incline with a high value of 4,050.00 and a day low value of 3,980.31.

The NASDAQ index dropped by a percentage of 1.25 percent to reach a closing value of 11,530.33. The index had an opening value of 11,670.98, and it recorded a day high value of 11,705.96 and a day low value of 11,512.03.